Mauritian businessman Pierre Guy Noel’s stake in MCB Group is now worth $9.7 million
MCB Group is a financial services holding headquartered in Port Louis, the capital city of Mauritius.
Southern Africa
Vox Royalty to acquire $8.3-million royalties from Neal Froneman’s Sibanye-Stillwater PGM project
The royalties will collectively cover the entire Limpopo PGM Project, operated by Sibanye-Stillwater.
Africa’s second-richest man Johann Rupert gains $400 million as investors react to Richemont’s sales
The Swiss luxury goods firm reported revenues of $6.42 billion in the three months between October and December 2021.
Capitec CFO Andre Du Plessis’ shareholding in bank now worth $120.4 million
Du Plessis, a co-founder and the outgoing CFO of the South African bank, has a beneficial 0.008-percent ownership in the company.
Zak Calisto’s Karooooo posts $24.9 million as profit in 9M 2022, 3.9-percent lower than last year’s figures
Karooooo is a major international provider of smart transportation management and analytics.
Zimbabwean businessman Zinona Koudounaris loses over $3.8 million in single day from stake in Axia Corp
Koudounaris holds a governance role in Axia and controls a 20.86-percent stake in the Zimbabwe-based firm.
South African-born billionaire Patrick Soon-Shiong launches Africa’s first COVID-19 vaccine plant
NantSA has launched a plant in South Africa that will produce up to 1 billion COVID-19 vaccines yearly by 2025.
Billionaire Johann Rupert’s Richemont reports double-digit surge in Q3 sales above $6.4 billion
The revenue posted in the third quarter of Richemont’s current financial period represents a 32-percent increase.
South African businessman Shameel Joosub: Vodacom acquisition in Egypt will drive transition from telco to tech-co
Joosub holds a beneficial 0.1-percent stake valued at $13.5 million in Vodacom.
African billionaire heirs are making their mark in philanthropy
The progeny of some of Africas’s wealthiest people are putting in more of their time to giving and impacting.
Led by Aisha Cassam Timol, CIM prepares to list 17 million shares worth $3.65 million under employee scheme
CFSL is a non-deposit-taking financial services holding.
Malawian tycoon Hitesh Anadkat gains $16 million from stake in Mauritius-based FMB Capital Holdings
Anadkat is the founder of FMB Capital Holdings and holds a substantial 35.51-percent stake in the company.
Zimbabwean executive Basil Dionisio gains $2.68 million in two weeks
Basil Dionisio is the CEO of Simbisa Brands Limited.
Zimbabwean tycoon Paddy Zhanda’s stake in Masimba Holdings now worth $3.27 million
Masimba Holdings provides engineering and infrastructure solutions across various sectors.
Warner Music Group acquires majority stake in Yoel Kenan’s Africori
Africori helps create global opportunities for African artists.
South African businessman Andre Du Plessis retires as CFO of Capitec Bank
Du Plessis co-founded Capitec Bank with South African billionaire Michiel Le Roux and leading businessmen Jannie Mouton and Riaan Stassen in 2001.